Nokia eyes making handsets in India

LONDON (CBS.MW) -- Handset maker Nokia
NOK, +2.17%
said it is planning to make handsets in India "to better meeting burgeoning demand for mobile devices in the country." Nokia, which will make a final decision in the first quarter of 2005, estimates spending $100 million to $150 million along with its key suppliers over four years, with the workforce reaching 2,000 employees. Nokia currently has nine mobile device manufacturing facilities around the world.

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